Energy regulator Ofgem has on Friday confirmed that the energy price cap can rise by 80.06% from October. This means the average household annual bill will go from £1,971 to £3,549.
It will affect around 24m households in England, Scotland and Wales. It will run from October 1 until December 31 when it will be adjusted once more. But what is the energy price cap and who is affected by it?